2014 Feb-March Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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Susan buys a car for R350 000. She secures a loan at an interest rate of 7% p.a., compounded monthly. The monthly instalment is R6 300. She pays the first inst…
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2013 Feb-March Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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Raeesa invests R4 million into an account earning interest of 6% per annum, compounded annually. How much will her investment be worth at the end of 3 years? J…
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2012 November Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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A business buys a machine that costs R120 000. The value of the machine depreciates at 9% per annum according to the diminishing-balance method. Determine the …
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2012 Feb-March Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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Lerato wants to purchase a house that costs R850 000. She is required to pay a 12% deposit and she will borrow the balance from a bank. Calculate the amount th…
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2011 November Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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How many years will it take for an article to depreciate to half its value according to the reducing-balance method at 7% per annum?  Two friends each receive …
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2011 Feb-March Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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R1 430,77 was invested in a fund paying i% p.a. compounded monthly. After 18 months the fund had a value of R1 711,41. Calculate i.  A father decided to buy a …
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2009 November Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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A photocopier valued at R24 000 depreciates at a rate of 18% p.a. on the reducing-balance method. After how many years will its value be R15 000?  A car that c…
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2008 November Mathematics P1 | Grade 12 | Financial Maths related statements & questions.

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R1 570 is invested at 12% p.a. compound interest. After how many years will the investment be worth R23 000?  A farmer has just bought a new tractor for R800 0…
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